Common use of Payments to Executive Clause in Contracts

Payments to Executive. For the avoidance of doubt, while the Companies are jointly and severally liable for payments due to the Executive hereunder nothing herein shall be construed to entitle the Executive to duplicate compensation or benefits to be paid by both of FCI and FGI pursuant hereto. Payments due to the Executive by the Companies shall be paid by FCI and/or FGI as determined appropriate by the Board of Directors of FGI.

Appears in 3 contracts

Samples: Employment, Confidentiality, and Noncompete Agreement (Ferrellgas Partners Finance Corp), Employment, Confidentiality, and Noncompete Agreement (Ferrellgas Partners Finance Corp), Employment, Confidentiality, and Noncompete Agreement (Ferrellgas Partners Finance Corp)

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Payments to Executive. For the avoidance of doubt, while the Companies are jointly and severally liable for payments due to the Executive hereunder nothing herein shall be construed to entitle the Executive to duplicate compensation or benefits to be paid by both of FCI and FGI pursuant hereto. Payments due to the Executive by the Companies shall be paid by FCI and/or FGI as determined appropriate by the Board of Directors of FGIFCI.

Appears in 1 contract

Samples: , and Noncompete Agreement (Ferrellgas Partners Finance Corp)

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